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Home My WebLink About02-09-2004PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting February 9, 2004 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, and Linke NOT PRESENT: Quick, Marty. 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Stigney. To Approve the February 9, 2004 Agenda as Presented. Ayes – 3 Nays – 0 Motion carried. 4. APPROVAL OF EDA MINUTES A. January 12, 2004 Minutes MOTION/SECOND: Stigney/Gunn. To Approve the Minutes of January 12, 2004 as Presented. Ayes – 3 Nays – 0 Motion carried. 5. CONSENT AGENDA None. 6. EDA BUSINESS A. Resolution 04-EDA-179, a Resolution Authorizing Payment of Pay-As-You- Go Development Payments to Red Cent Management, L.L.C; Heartland- Mounds View Common Bond; Bridges Leasing Company; and Kenmark Partnership, L.L.P. MOTION/SECOND: Stigney/Gunn. To Waive the Reading and Approve Resolution 04-EDA- 179, a Resolution Authorizing Payment of Pay-As-You Go Development Payments to Red Cent Management, L.L.C; Heartland-Mounds View Common Bond; Bridges Leasing Company; and Mounds View EDA February 9, 2004 Regular Meeting Page 2 Kenmark Partnership, L.L.P. Vice President Stigney read the payment amounts. Ayes – 3 Nays – 0 Motion carried. B. Discussion of Request from Tim Nelson, Redhorse Real Estate, Inc. (representing Everest Development) for a Revised Development Agreement & TIF Revenue Note for the Building N Project. Economic Development Coordinator Backman briefly reviewed the request with the Authority and then asked them to consider tabling the request to allow Mr. Nelson to be present for the discussion as well as time for review of the information provided. MOTION/SECOND: Gunn/Stigney. To Postpone to February 23, 2004. Vice President Stigney commented that there is a quorum of Members and it would be appropriate to take action on this item but he is fine with postponing. Ayes – 3 Nays – 0 Motion carried. 7. REPORTS Economic Development Coordinator Backman reported that Procraft has entered into an agreement with Mr. Fyksen to purchase his property and that property will be added to the development. 8. NEXT EDA MEETING: February 23, 2004 9. ADJOURNMENT President Linke adjourned the meeting at 6:45 p.m. Respectfully submitted, Recorded and transcribed by: Joan Lenzmeier TimeSaver Off Site Secretarial, Inc.